Telecom Plus announced its financial results for the six months ending September 30, 2024. The company is now the seventh largest energy supplier in the UK with an approximately 3% market share.

This rapid growth has resulted in UW receiving the prestigious honor of being named a DSN Bravo International Growth Award winner for the service sector for the second consecutive year. This accolade is given to the international direct selling company with the highest revenue growth year-over-year in both product and service categories.

Telecom Plus, trading as Utility Warehouse (UW), posted its financial results for the year ending March 31, 2024. Revenue for the company reached $2.59 billion, resulting in a record profit of $451 million, a 16% increase over the previous year. Adjusted pre-tax profit was up 21.5% year-over-year to $148.6 million. Adjusted EPS was also up 9.9% with a net debt to adjusted EBITDA ratio at 0.9x.

Utility Warehouse (UW) now officially serves one million customers, a milestone that signals exponential growth for the multiservice supplier. More than 343,000 new customers have organically signed up since 2021 for UW’s many services, including energy, broadband, mobile and insurance.

Utility Warehouse (UW) earned the highest overall score for energy suppliers in the UK by Which?, a UK consumer protection organization. The Which? annual energy firm rankings awarded UW with a 75% overall score, the highest among 17 competitors, including major companies and small operators.

Telecom Plus, trading as Utility Warehouse, released its financial results for the first six months of 2023, reporting a 57% spike in revenue over the previous year’s period to $1.1 billion. Adjusted pre-tax profit was also up 36% to $54.7 million.

Utility Warehouse (UW) was honored at the Uswitch 2023 Energy Awards with the award for Best Value for Money supplier. UW was also a runner-up in the Best Overall Customer Satisfaction category.

Utility Warehouse announced its final results for the full year, ending March 31, 2023. Revenues during this time grew to $3.1 billion, up from $1.2 billion in 2022. Adjusted pre-tax profit was up by 55% and adjusted EPS increased by 57%. 

Direct selling companies who experienced revenue growth through the pandemic share their strategies for success and the steps they’re taking now to prepare for the future.

Telecom Plus PLC announced an increase to its full-year profit expectations after a surge in customer growth. The company said a “record number” of UK households had joined, driving financial results and organic accelerated growth for the company overall.

Telecom Plus PLC announced record results for the year ending March 21, 2022, with a 12.3% increase in revenue and 10.3% increase in adjusted pre-tax profit. Adjusted EPS was also up 10.1%.